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Movie Time 25 minutes 00 minutes
Food prices rose sharply in 2021, reaching a record high in a decade, according to the United Nations.
As many countries pushed for a reopening of their economy last year after months of closure and tightly regulated borders, economists began to warn of an impending problem: rising food prices.
The UN Food Agency reports that prices have risen 28 percent a year very high since 2011.
In December, they relaxed a bit, but before that they were climbing for four months in a row.
The increase is exacerbated by a number of factors, including cybercrime and rising prices for raw materials and energy.
What does it take for prices to go down?
Presenter: Kim Vinnell
Visitors:
Jane Battersby – Senior Lecturer in the Department of Environmental and Geographical Science at the University of Cape Town
Abdolreza Abbassian – Chief Financial Officer at the United Nations Food and Agriculture Organization
Dipa Sinha – Professor of Finance at Ambedkar University Delhi
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